Business Law Case Study

flake Analysis 1 expression Analysis Kaplan University MT311: Business Law I Scott Strauss November 21, 2010 effort Analysis 2 Case Analysis Langley Brothers, Inc., a corporation incorporated and doing tune in Kansas, decides to sell no par cat diazepam wrinkle worth $1 million to the public. The inception bequeath be sold only within the state of Kansas. Joseph Langley, the president of the board, says the offer need non be registered with the Securities and Exchange Commission. His brother, Harry, disagrees. The Securities bring off of 1933 governs sign sales of stock by business. The act was knowing to annul various forms of skulker and to stabilize the securities industry by requiring that in all prerequisite information concerning the issuance of securities be made operable to the commit public. Section 5 of the Securities lick of 1933 broadly provides that unless a security department qualifies for an freeion, that security essential be registered before it is offered to the public. outcome corporations must file a readjustment statement with the mho and must provide all investors with prospectus (Miller & Jentz, 2008, pg 567). A add together of specific securities ar exempt from the registration requirements of the Securities Act of 1933.

These securities, which ignore also generally be resold without being registered includes political resemblance issued securities, bank and financial founding securities, which are regulated by banking authorities, and short-term notes and drafts. The other exemptions are securities of nonprofit, educational, and charitable organizations, securities issued by popular carriers, any insurance, endowment, or annuity contract issued by a state-regulated insurance company, and securities issued in a corporate reorganization in which one security is transfer for another or in a bankruptcy carry on (Miller & Jentz, 2008, pg 568). Langley Brothers would not be subject to registration requirements. It would be exempt under the intrastate offerings, which...If you want to get a full essay, order it on our website: Ordercustompaper.com

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